DKNG
Intraday Fundamentals
• Tech trader
Technical Stats
ADV 28.35 RVOL .55 ATR 2.81 Short 7% Inst Own 46.7%
Trading Plan
Reading the Tape
Trade Notes
I had started thinking that this was extended when it came into an area that was an afternoon low the day prior. It would blow through this level. I committed to short it off 51 if it managed to make the rest of the trip. I was working on taking it on the spike above 51 which it would give me at 51.01. I missed it and took the entry on the open of the next candle. It would move for me initially. I was only hafl a tier at the time leaving me looking for a the move back into 50.60 before taking it off. It would then spend the next few minutes trying to overcome 51.20 letting me short a little moreas this looked like it was starting to move more sideways. I had a chance to clear a little of this at better than my original entry but mised it and took a loss on the first half tier but this would then move .60 letting get out of this at about 15 cents a share.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2020-12-02 10:30:15 | DKNG | sell | $50.934 | short |
2020-12-02 10:39:35 | DKNG | sell | $51.100 | short |
2020-12-02 10:47:21 | DKNG | buy | $50.979 | short |
2020-12-02 10:49:31 | DKNG | buy | $50.715 | 0 |
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